As the market began to slide three years ago, my wife terrifying began to sense that we were losing our options. As people lose the value they always believed they had in their homes, their options in remarkable ability to qualify for loans begin to freeze up too. The worst part for us was, they were in real estate business, and we had our incomes begin to seriously drop. We never imagined we’d have collection agencies calling, but call, they did. Within end, we in order to pick one of two options – we could register for bankruptcy, or there was to find a way to ditch all the retirement income planning we have ever done, and tap our retirement funds in some planned way.
As you might guess, the latter is what we picked.
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